Question: Data for a bicycle company are provided below: Direct Materials $3.00 $24,000 Cost per equivalent unit this period Cost in beginning work-in-process inventory Equivalent units

Data for a bicycle company are provided below: Direct Materials $3.00 $24,000 Cost per equivalent unit this period Cost in beginning work-in-process inventory Equivalent units to complete beginning inventory Units started and completed this period 0 26,000 Equivalent units in completed ending 12,000 inventory Conversion $5.00 $29,400 2,400 26,000 4,800 Materials are added at the beginning of the production process. Conversion costs are added uniformly throughout the production process. Assuming a FIFO flow of costs, what is this company's computed total production cost transferred out during the period?

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